Dedicated to the advancement of the State of Indiana by re-affirming our state's constitutional principles that: all people are created equal; no religious test shall be imposed on our public officials and offices of trust; and no special privileges or immunities shall be granted to any class of citizens which are not granted on the same terms to all citizens.
Advance Indiana, LLC. Copyright 2005-16. All rights reserved.

Wednesday, August 18, 2010

$50 Million Budget Shortfall Just Didn't Fall Out Of The Sky

Fred McCarthy is as insightful as always concerning his observations on his blog, Indy Tax Dollars, about the recent admission by city officials acknowledging the city is facing drastic reductions in next year's budget due to a sharp drop in tax collections. McCarthy notes the "wall" in any news reports from connecting the massive subsidies Indianapolis pays to support our billionaire sports team owners with "the dire financial straits of the city of Indianapolis." McCarthy writes with a nice touch of sarcasm:

This morning’s paper (8/17/10) gives another excellent example of the wall. (Maybe we should start putting the word in caps - or at least in quotation marks!) The big question seems to be whether, or how much, police and fire department budgets should be cut.

In an article discussing an estimated drop in income tax revenues of $50 million and a shortfall of $32 million in property tax revenues for the coming year, there are quotations from the city controller, the public safety director, two City-County Council members, and various unnamed "officials" and "city leaders." Things are really looking bad.

We suspect, though, that - with the possible exception of the pubic safety director - all of the above named (or unnamed) were among the strong supporters of the $35 million giveaway to the local basketball team a few days ago. Those dollars are not mentioned.

Do they really expect us to believe that municipal fiscal disaster has reared its ugly head in just those few days? Did it really occur to nobody downtown that there just might be a more rational use of those 35 million taxpayer dollars?

We assume some might respond that the funds shoveled at sports franchises are dedicated and can not be used for other purposes. Quite correct. But they are dedicated by state legislative action because the so-called leaders of this city demand it be done that way.

We dare say that a bill in the legislature reversing the procedure, returning state tax revenues to the state and local taxes to the city for legitimate governmental expenses, would pass comfortably.

Probably the strongest opposition would come from the Indianapolis delegation.

I have heard the Mayor use the "money is coming form a different pot" theory to jusify spending on the Pacers while cutting back elsewhere. SS pokes holes in that theory by pointing out that the different pots was requested by the pols in Indy.

Plus I would add that ultimately the money comes from one source, the taxpayers' wallet. The taxpayers don't care which pot the money is placed into. The taxpayers wallet only has so much money. When you take money out for the Pacers, the taxpayers have less money for other things.

Justifying spending we can't afford by selling the "different pots" the funding comes from is up there with Nixon's "secret plan" for winning in Vietnam, the Soviet "five-year" agricultural plan, or Clinton not having sexual relations with "that woman".

And most importantly, it was not even remotely necessary for the Republican mayor and his hallelujah council to fork over 33 million smackaroos to the Pacers. And shame on any member of the legislature who would oppose the legislation Fred so ably explains. Thanks for this praise of McCarthy's blog.

SUPPORT ADVANCE INDIANA

It takes many hours of time to publish content for Advance Indiana. If you enjoy reading the content of this blog, please help out by contributing. You can click on the "Make A Donation" button below to support Advance Indiana by using PayPal. Thanks to all of those readers who have made contributions in the past and continue to support this blog with your contributions. If you would rather support the blog using an alternative source of payment or would like to advertise on this blog, e-mail me at gwelsh@indy.rr.com for more information.

Blogflux

Subscribe To

Comment Policy

Advance Indiana allows you to post comments via this blog subject to the guidelines set forth herein. You understand that any comments you post are your own and are not those of Advance Indiana. You further understand that Advance Indiana is not responsible for the content of any external sites referenced in your comments. Unlawful, harassing, defamatory, abusive, threatening, harmful, obscene, profane, sexually oriented, racially offensive, or otherwise objectionable comments are not acceptable. If you think any content posted or otherwise included in Advance Indiana violates the guidelines set forth herein, then please alert Advance Indiana.
Advance Indiana reserves the right to pre-screen, edit, and remove any post as it deems appropriate. You specifically acknowledge that Advance Indiana has no obligation to display any post submitted or otherwise provided via Advance Indiana.